Call the fat lady: Ireland’s banking horror show must end now. Its four surviving banks require €24bn of new capital after Thursday’s stress test results. That brings the amount of public money poured down the drain since 2008 to €70bn – 45 per cent of gross domestic product. Ireland’s pension reserves will supply €17.5bn of the injection; the rest comes from its international bail-out. With equity investors already wiped out; the question is whether senior bondholders should share the burden. Regardless, the Irish know their banks will haunt them for a generation.
快叫胖妇人出来：爱尔兰的银行业惊悚秀必须马上结束。周四的压力测试结果显示，该国4家幸存的银行需要240亿欧元的额外资金。这将使2008年以来被消耗掉的公众资金数额达到700亿欧元——占爱尔兰国内生产总值(GDP)的45%。爱尔兰的养老金储备基金将提供此次注资中的175亿欧元；剩下的将来自国际纾困计划。问题是，在股权投资者已精疲力竭的情况下，优先债券持有人是否应承担部分负担。不管怎样，爱尔兰人知道，本国银行将会在一代人的时间里困扰自己。